Envestnet Asset Management Inc. Reduces Position in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Envestnet Asset Management Inc. trimmed its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,839 shares of the construction company's stock after selling 5,744 shares during the period. Envestnet Asset Management Inc. owned about 0.41% of Simpson Manufacturing worth $26,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SSD. Norges Bank acquired a new stake in Simpson Manufacturing during the 4th quarter valued at $73,758,000. Ameriprise Financial Inc. raised its position in shares of Simpson Manufacturing by 90.4% in the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock worth $96,405,000 after buying an additional 275,989 shares during the period. Quantinno Capital Management LP raised its position in shares of Simpson Manufacturing by 5,137.3% in the 4th quarter. Quantinno Capital Management LP now owns 270,349 shares of the construction company's stock worth $44,832,000 after buying an additional 265,187 shares during the period. Champlain Investment Partners LLC raised its position in shares of Simpson Manufacturing by 300.2% in the 4th quarter. Champlain Investment Partners LLC now owns 336,051 shares of the construction company's stock worth $55,727,000 after buying an additional 252,085 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Simpson Manufacturing by 41,328.2% in the 1st quarter. GAMMA Investing LLC now owns 183,941 shares of the construction company's stock worth $28,893,000 after buying an additional 183,497 shares during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

Simpson Manufacturing Trading Down 1.2%

Shares of SSD traded down $1.98 during trading hours on Friday, hitting $157.79. The stock had a trading volume of 54,665 shares, compared to its average volume of 251,312. The company's fifty day simple moving average is $159.02 and its 200 day simple moving average is $159.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 3.17. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The firm has a market cap of $6.60 billion, a P/E ratio of 20.56 and a beta of 1.28.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The company had revenue of $538.90 million for the quarter, compared to analyst estimates of $531.81 million. During the same period last year, the company posted $1.77 earnings per share. The firm's revenue was up 1.6% compared to the same quarter last year. Equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be given a $0.29 dividend. The ex-dividend date is Thursday, July 3rd. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 0.74%. Simpson Manufacturing's dividend payout ratio (DPR) is 15.10%.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.